The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-24
CONDITION OF TIIE MARKETS
Wheat Abs0rbs the Greater Share Of
Attention Throughout the Day.
Corn Quiet-0ats Open Briskly but Become
Quiet Again-ProvisiOn Developa Better
Feeling, with Trading Chiefly Local.
MONEY, BONDS AND STOCKS.

Money Easy-stocks Only Moderately Active,
with Slight Fluctuations.
NEW YORK, Sept. 23-Money call
easy, ranging from to per cent, the last loan
being at per cent, and closing offered at
per cent.
Prime mercantile paper, 70S per cent
Sterling exchange active and weak at 81 79a a
4.80 for sixty-days. and 81 53a al 81 for demand.
The total sales of stocks to-day were 25o. 736
shares. including the following: Canada South
ern, 1926 Delaware. Lackawanna d Western,
1860; Erie, 500; Kansas & Texas. $500; Lake
Shore 6,51O; Louisville a. Nashville. 1920;
Northwestern, 4,6O3; Oregon Transcontinental.
$500; Pacific Mail, 8, 772; Reading $1,000; St.
Paul, IS, 500; Texas Pacific, 4,260; Union Pa
cifc, 3OO0 Western Union, 1880.
The market to-day was tame and uninteresting
sn comparison with the past few days, and was
also somewhat feverish and irregular. There
was, however, strong undertone. and notwith-
1tanding the reaIzations for both foreign and
local account, the declines established were gen.
orally for insignificant amounts. The money
Ecare seems to have entirely disappeared, and,
the banks having become lii tie more accom-
rnodatiug. there is more confident feeling in the
street. The bears have not covered their shorts.
md they used the London market to affect
prices here. There very little special
feature to the trading, and the Gould
stocks presented stronger front than
placements in regard to Mr.. Gould and revival
of the rumor that the telegraph deal was APP
preaching a consunmation. The fluctuations
In the active stocks in but few cases exceeded L
per cent, though few of the specialtes made
material gains. The money question received
little attention. while the action of the Treasury
was the chief subject of discussion The traders
were the principal sellers, though-there were
considerable realizations Tor foreign account
early in the day The opening irregular
and generally lower, but the changes from yes
terday's final figures were in case for m ore
than per cent Under considerable pressure
10 sell the market very active and weak in
per cent were established. sharp upward
mo, ement followed, and under the lead
Of Lackawanna advances of from to II
per cent were made After that time, however,
Che market became dull, aud, though prices
were we'll maintained. there special
feature whatever to the dealings fractional
decline, in which New England was made con-
spcuous, occurred about 1so'clock. but this was
followed by utter stagnation, and it was not I'M
til the last hour that anything like animation
was displayed, when slight weakness was de-
veoped and the close queT though heavy,
Mt close to the opening figures. The final changes
are irregular, though declines are in majority;
but Lake Erie 81 Western preferred, which is
down T. and Wheeling s. Lake Erie, which is
ii higher, are the only important changes.
Railroad bonds are dull but strong. Sales only
1897, 900 Chesapeake q Ohio currency tours
rose 3, to 10. and Hooking Valley fives, 2, to g.
Government bonds dull and steady.
State honds entirely neglected. The clos
ING bids follows